STU - Steel & Tube Holdings

[Balance]

Thanks Fiordland Moose for posting that. Seems Forsyth Barr have gone out on a limb with

PE 22E =10.4
7 cps divi
$1.54

As expected I guess.

Second the thanks to Fiordland Moose.

Interesting that for the first time, all three brokers have price targets above the current sp.

So they have gone from chasing the sp to being slightly ahead of it - can't keep on being embarrassed but still playing safe.

[percy]

Latest reports Revenue		FY22	FY23	FY24	FY25	FY26	FY27	FY28
	Jarden	530	520	520	533.5	547.5	562.1	577.1
	Craigs	528	544	553	n/a	n/a	n/a	n/a
	Ave	529	532	536.5
EBIT (post IFRS16)
	Jarden	31.8	29.6	28.3	30.1	31.8	33.6	35.5
	Craigs	32.0	31.0	31.0
	Ave	31.9	30.3	29.65
	% of sales	6.0%	5.7%	5.5%
NPAT
	Jarden	19.2	17.6	16.8	18	19.1	20.3	21.7
	Craigs	19.0	18.0	18.0
	Ave	19.1	17.8	17.4
DPS
	Jarden	8.1	7.5	7.1	7.6	8.1	8.6	9.2
	Craigs	8.0	7.8	7.8
	Ave	8.05	7.65	7.45
Yield at $1.28		6.3%	6.0%	5.8%
Target Price
	Jarden	1.32	neutral
	Craigs	1.35	neutral
	Ave	1.335

Thank you for posting.

[Muse]

Second the thanks to Fiordland Moose.

Interesting that for the first time, all three brokers have price targets above the current sp.

So they have gone from chasing the sp to being slightly ahead of it - can't keep on being embarrassed but still playing safe.

Job description for a sell side analyst: "track the share price"
Unless there are plenty of investment banking fees to be made, otherwise "exceed the share price"

nah there are a few good analysts who dedicate a lot of time to their coverage. But for small companies that don't pay big fees or coming from a troubled history they tend to shoot for what is right in front of them.

[Shareguy]

From Craigs latest research note.

We note if STU can maintain its healthy margins over the 2H there is upside relative to our current forecast. Added to this, STU has a strong balance sheet, with a net cash position of $25m announced at last result with management flagging potential for capital management.

[Shareguy]

At close today 23/11/21. Vulcan Steel continues to climb at $8.40. Steel and Tube at $1.30

Will revisit this post in a year and compare the best return. I no what I’m betting on….

[winner69]

Good sign a Director is buying

Added confidence in the company he is helping run

[SailorRob]

Good sign a Director is buying

Added confidence in the company he is helping run

Not a bad sign but pathetic purchase.

Same dude would think nothing of borrowing 800k to buy a house but can only cough up lunch money for STU.

[Dassets]

Well said. I totally agree. Goes to show what board members we have.

[Balance]

At close today 23/11/21. Vulcan Steel continues to climb at $8.40. Steel and Tube at $1.30

Will revisit this post in a year and compare the best return. I no what I’m betting on….

Very clearly institutional buying in action - see how the buyer is mopping up each day the stock on offer by multiple sellers?

Institutional buying vs retail selling - stock is going higher until we see a substantial crossing.

[Shareguy]

Yes someone is building a sizeable position. I have also been adding.